US President Donald Trump has signed an executive order, ‘Guaranteeing Fair Banking for All Americans’, seeking to halt politically or religiously motivated ‘debanking’ and to force regulators to base decisions on objective, risk-based analysis rather than ‘reputation risk’. Signed on 7 August 2025, the order directs agencies to strip such language from guidance within 180
Citizens Bank’s latest foray into open banking is aimed at the annoyance of switching recurring payments from one card or bank account to another, a hurdle the bank plans to ease through a mobile app update. The bank has deployed a feature to its app that enables customers to update saved payment information across billers,
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Mastercard CEO Michael Miebach expects the open banking trend to keep gaining ground, and seems to prefer that over banks charging for consumer data. The card network chief gave his view on the
As political tailwinds lift the crypto industry, Mastercard hopes to cash in on a bet it started years ago. The payments giant is looking to replicate its massive card network for the blockchain world to create a way for consumers, merchants, and financial institutions to transact digital assets. Doing so will require engineering leg work,